Tokyo CPI, April 2026 is not going to rush the BoJ into rate hikes!

Headline is 1.5% y/y

• expected 1.6%, prior 1.4%

Core CPI (ex Food) 1.5% y/y, slowest since March 2022

Core-core (ex Food and Energy) 1.9% y/y

• expected 2.3%, prior 2.3%

Just the data post. I’ll have more to come on this separately, details & implications.